TIDMBIRD
RNS Number : 1899M
Blackbird PLC
07 May 2020
7 May 2020
Blackbird plc
(the "Company")
Grant of share options and issue of LTIPs
Blackbird plc (AIM: BIRD), developer and seller of
market-leading cloud video platform Blackbird, announces that on 7
May 2020 options over the Company's ordinary shares of 0.8 pence
(the "Ordinary Shares") were granted to the directors listed below
as part of an employee-wide share option grant over 2,900,000
unissued Ordinary Shares:
Name Title Number of Exercise Number of options
options granted price held post grant
------------------ ------------------------ ----------------- --------- ------------------
Stephen Streater R&D Director 400,000 16.5p 1,770,000
Chief Operating
Stephen White and Financial Officer 750,000 16.5p 1,750,000
Andrew Bentley Non-Executive Chairman 100,000 16.5p 860,000
Dawn Airey Non-Executive Director 75,000 16.5p 485,000
David Main Non-Executive Director 75,000 16.5p 1,760,000
The options were granted under the Company's EMI share option
scheme and subject to certain performance conditions.
Following the above grant there are a total of 11,755,000 share
options granted over unissued Ordinary Shares granted to Directors
and PDMRs representing 3.51% of the Company's current Ordinary
share capital of 335,239,092 Ordinary Shares.
Ian McDonough, the Company's Chief Executive, has today been
issued 275 LTIP 1 units according to the Company's Long Term
Incentive Plan which was approved by shareholders at the 2019
Annual General Meeting. Under the Long Term Incentive Plan, LTIP 1
and LTIP 2 units are designed to allow individuals to share in
improving shareholder value above a base share price (0.15p and
0.20p for LTIP 1 and LTIP 2 respectively) and run for 3 years. The
Long Term Incentive Plan is designed to reward specific individuals
for activities that drive value creation. Each of LTIP 1 and LTIP 2
consists of 5,000 LTIP units that collectively form a pool and each
pool is calculated at 5% of the value above the base price. Details
of the Long Term Incentive Plan are set out in the investor section
of the Company's website.
In addition to the LTIP 1 units issued today, Ian McDonough
currently hold options to acquire 5,130,000 Ordinary shares
pursuant to the Company's EMI share option scheme.
Contacts:
Blackbird plc Tel: +44 (0)20
8879 7245
Ian McDonough, Chief Executive Officer
Stephen White, Chief Operating and Financial
Officer
Allenby Capital Limited (Nominated Tel: +44 (0)20
Adviser and Broker) 3328 5656
Nick Naylor
Nicholas Chambers
About Blackbird p lc
Blackbird plc (AIM: BIRD, www.blackbird.video) floated in
February 2000.
Blackbird develops, markets and licenses a powerful cloud video
platform using its patented Blackbird technology. The technology
underpins multiple applications, which are used by rights holders,
broadcasters, sports and news video specialists, esports live
events and content owners, post-production houses, other mass
market digital video channels and corporations.
The Blackbird technology allows full visibility of
multi-location digital content, improves time to market for live
content such as video clips and highlights for social media
distribution, and results in much more effective monetisation.
Blackbird(R) is a registered trademark of Blackbird plc.
Websites
www.blackbird.video
Social media
www.linkedin.com/company/blackbird-cloud
www.twitter.com/blackbirdcloud
www.facebook.com/blackbirdplc
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Stephen Streater
-------------------------------- --------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status R&D Director
-------------------------------- --------------------------------------
b) Initial notification /Amendment Initial notification
-------------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Blackbird plc
-------------------------------- --------------------------------------
b) LEI 2138006DWRVTIAVW3415
-------------------------------- --------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
------------------------------------------------------------------------
a) Description of the financial Ordinary Shares of 0.8p
instrument, type of instrument
Identification code
-------------------------------- --------------------------------------
b) Nature of the transaction Grant of options over ordinary shares
-------------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
16.5p 400,000
----------
-------------------------------- --------------------------------------
d) Aggregated information n/a
- Aggregated volume
- Price
-------------------------------- --------------------------------------
e) Date of the transaction 7 May 2020
-------------------------------- --------------------------------------
f) Place of the transaction Outside of a trading venue - grant
of options
-------------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Stephen White
-------------------------------- --------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Chief Operating and Financial Officer
-------------------------------- --------------------------------------
b) Initial notification /Amendment Initial notification
-------------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Blackbird plc
-------------------------------- --------------------------------------
b) LEI 2138006DWRVTIAVW3415
-------------------------------- --------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
------------------------------------------------------------------------
a) Description of the financial Ordinary Shares of 0.8p
instrument, type of instrument
Identification code
-------------------------------- --------------------------------------
b) Nature of the transaction Grant of options over ordinary shares
-------------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
16.5p 750,000
----------
-------------------------------- --------------------------------------
d) Aggregated information n/a
- Aggregated volume
- Price
-------------------------------- --------------------------------------
e) Date of the transaction 7 May 2020
-------------------------------- --------------------------------------
f) Place of the transaction Outside of a trading venue - grant
of options
-------------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Andrew Bentley
-------------------------------- --------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Non-Executive Chairman
-------------------------------- --------------------------------------
b) Initial notification /Amendment Initial notification
-------------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Blackbird plc
-------------------------------- --------------------------------------
b) LEI 2138006DWRVTIAVW3415
-------------------------------- --------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
------------------------------------------------------------------------
a) Description of the financial Ordinary Shares of 0.8p
instrument, type of instrument
Identification code
-------------------------------- --------------------------------------
b) Nature of the transaction Grant of options over ordinary shares
-------------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
16.5p 100,000
----------
-------------------------------- --------------------------------------
d) Aggregated information n/a
- Aggregated volume
- Price
-------------------------------- --------------------------------------
e) Date of the transaction 7 May 2020
-------------------------------- --------------------------------------
f) Place of the transaction Outside of a trading venue - grant
of options
-------------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Dawn Airey
-------------------------------- --------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Non-Executive Director
-------------------------------- --------------------------------------
b) Initial notification /Amendment Initial notification
-------------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Blackbird plc
-------------------------------- --------------------------------------
b) LEI 2138006DWRVTIAVW3415
-------------------------------- --------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
------------------------------------------------------------------------
a) Description of the financial Ordinary Shares of 0.8p
instrument, type of instrument
Identification code
-------------------------------- --------------------------------------
b) Nature of the transaction Grant of options over ordinary shares
-------------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
16.5p 75,000
----------
-------------------------------- --------------------------------------
d) Aggregated information n/a
- Aggregated volume
- Price
-------------------------------- --------------------------------------
e) Date of the transaction 7 May 2020
-------------------------------- --------------------------------------
f) Place of the transaction Outside of a trading venue - grant
of options
-------------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name David Main
-------------------------------- --------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Non-Executive Director
-------------------------------- --------------------------------------
b) Initial notification /Amendment Initial notification
-------------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Blackbird plc
-------------------------------- --------------------------------------
b) LEI 2138006DWRVTIAVW3415
-------------------------------- --------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
------------------------------------------------------------------------
a) Description of the financial Ordinary Shares of 0.8p
instrument, type of instrument
Identification code
-------------------------------- --------------------------------------
b) Nature of the transaction Grant of options over ordinary shares
-------------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
16.5p 75,000
----------
-------------------------------- --------------------------------------
d) Aggregated information n/a
- Aggregated volume
- Price
-------------------------------- --------------------------------------
e) Date of the transaction 7 May 2020
-------------------------------- --------------------------------------
f) Place of the transaction Outside of a trading venue - grant
of options
-------------------------------- --------------------------------------
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London Stock Exchange. RNS is approved by the Financial Conduct
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of this information may apply. For further information, please
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END
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